- By Halimah Olamide
Following the resignation of the former MD, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, the bank has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024.
The bank disclosed this in a statement signed by its acting company secretary, Adewale Arogundade, on Sunday.
Recall NPO reported that Adeduntan tendered his resignation after a nine-year tenure, during which he supervised the bank’s operations and strategic direction for three terms.
First Bank is poised to unveil Adeduntan’s successor, who will spearhead the bank’s expansion initiatives amidst fierce competition in the financial sector.
The statement read in part;
“Following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.
“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”
The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Prior to that, he was the Group executive/ chief risk officer, a position he held since 2016
“Alebiosu brings to the executive management of FirstBank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”
Segun Alebiosu is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management.
He also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.
He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.